Core Viewpoint - GDS experienced a significant sell-off following its fourth-quarter report, with a 21.5% decline in stock price, despite a year-over-year increase of approximately 231% [1][2]. Financial Performance - GDS reported earnings of $3.08 per American depositary share and sales of $368.6 million in the fourth quarter, but the profit was largely due to one-time accounting events. The company also recorded a loss from continuing operations of $23.8 million [3]. - Revenue increased by 9.1% year-over-year, primarily driven by the expansion of data center operations [3]. Future Guidance - For the full year, GDS is guiding sales between 11.29 billion Chinese yuan ($1.56 billion) and 11.59 billion Chinese yuan ($1.6 billion), indicating an annual sales growth of approximately 11% at the midpoint [4]. - Although the company is positioned for potential sales expansion due to rising demand for data center services driven by AI and other technologies, the conservative sales growth guidance suggests that revenue growth may be slower than investor expectations [5].

Raymond James analyst Frank G. Louthan upgraded GDS Holdings Limited GDS on Thursday to Strong Buy from Outperform, with a price forecast of $53.Yesterday, the company reported fourth-quarter results with net revenue increased 9.1% year over year to (Chinese yuan) CN¥2.69 billion ($371,126,624.72).The revenue increase was mainly due to the ongoing ramp-up of the data centers.GDS expects FY25 total revenues of CN¥11.29 billion–CNY¥11.59 billion and adjusted EBITDA of CN¥5.19 billion–CNY¥5.39 billion.Louthan ...

It was a Hump Day to forget for GDS Holdings (GDS -14.11%), as the Chinese company's latest earnings release was greeted with a significant sell-off. GDS's American depositary shares (ADS) suffered a nearly 14% decline in price as a result, which was in marked contrast to the S&P 500's (^GSPC 1.08%) gain of over 1% on the day.GDS' final 2024 earnings release was publishedThat morning, GDS unveiled its fourth-quarter and full-year 2024 figures. For the former period, revenue rose by 9% year over year to 2.69 ...

Core Insights - GDS Holdings reported a quarterly loss of $0.10 per share, outperforming the Zacks Consensus Estimate of a loss of $0.27, and showing improvement from a loss of $0.62 per share a year ago, resulting in an earnings surprise of 62.96% [1] - The company posted revenues of $368.62 million for the quarter ended December 2024, which missed the Zacks Consensus Estimate by 14.41%, but showed an increase from year-ago revenues of $360.07 million [2] - GDS Holdings shares have increased by approximately 49.8% since the beginning of the year, contrasting with a decline of 4.5% in the S&P 500 [3] Earnings Outlook - The earnings outlook for GDS Holdings is mixed, with the current consensus EPS estimate for the coming quarter at -$0.15 on revenues of $445.73 million, and for the current fiscal year at -$0.70 on revenues of $1.79 billion [7] - The company has surpassed consensus EPS estimates in all four of the last quarters, indicating a positive trend in earnings performance [2] Industry Context - The Technology Services industry, to which GDS Holdings belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

4Q24 & FY24 Earnings Call 19 March 2025 NASDAQ: GDS HKEX: 9698 © GDS 2016 0 GDS FY24 HIGHLIGHTS (1)(2) | Customer Commitments • | New customer commitments (net) of +11,055 sqm | | --- | --- | | • | Total area committed increased by 1.8% y/y to 629,997 sqm | | Customer Move-In | • Additional area utilized (net) of +47,792 sqm | | --- | --- | | | • Total area utilized of 453,094 sqm, +11.8% y/y, and utilization rate of 73.8% | This presentation contains forward-looking statements within the meaning of Section ...

Core Viewpoint - GDS Holdings Limited reported its financial results for the fourth quarter and full year of 2024, highlighting a strategic focus on backlog delivery and asset monetization, while also indicating a positive outlook for future business opportunities driven by AI [4][45]. Financial Highlights for Fourth Quarter 2024 - Net revenue for Q4 2024 was RMB2,690.7 million (US$368.6 million), a 9.1% increase from RMB2,465.3 million in Q4 2023 [5][10]. - Cost of revenue increased by 3.9% year-over-year to RMB2,112.5 million (US$289.4 million) [6]. - Gross profit reached RMB578.1 million (US$79.2 million), marking a 33.5% increase from RMB432.9 million in the same period last year [6]. - Gross profit margin improved to 21.5% from 17.6% year-over-year [7]. - Adjusted Gross Profit (non-GAAP) was RMB1,396.7 million (US$191.3 million), an 11.8% increase from RMB1,249.3 million in Q4 2023 [8]. - Adjusted EBITDA (non-GAAP) rose by 13.9% year-over-year to RMB1,297.7 million (US$177.8 million) [10][16]. - Net loss from continuing operations was RMB173.4 million (US$23.8 million), significantly reduced from RMB3,074.6 million in Q4 2023 [10][15]. Financial Highlights for Full Year 2024 - Total net revenue for 2024 was RMB10,322.1 million (US$1,414.1 million), a 5.5% increase from RMB9,782.4 million in 2023 [10][18]. - Gross profit for the year was RMB2,222.6 million (US$304.5 million), a 13.9% increase from RMB1,951.2 million in 2023 [19]. - Adjusted EBITDA for 2024 was RMB4,876.4 million (US$668.1 million), a 3.0% increase from RMB4,733.0 million in 2023 [23]. - Net loss from continuing operations for the year was RMB770.9 million (US$105.6 million), down from RMB3,926.0 million in 2023 [22]. Operational Highlights - Total area committed and pre-committed increased by 1.8% year-over-year to 629,997 sqm as of December 31, 2024 [10][36]. - Area utilized increased by 11.8% year-over-year to 453,094 sqm [10][40]. - The utilization rate for area in service was 73.8% as of December 31, 2024, slightly down from 73.9% in the previous year [10][41]. Recent Developments - The company completed a Series B equity raise for DayOne Data Centers Limited, resulting in a dilution of GDS's equity interest from 52.7% to 35.6% [2]. - GDS announced a significant transaction to monetize a 70% equity interest in certain data centers, with an implied enterprise value to EBITDA multiple of around 13 times [44]. Business Outlook - For 2025, GDS expects total revenues to be between RMB11,290 million to RMB11,590 million, indicating a year-on-year increase of approximately 9.4% to 12.3% [45]. - Adjusted EBITDA is projected to be between RMB5,190 million to RMB5,390 million, reflecting a year-on-year increase of approximately 6.4% to 10.5% [45].

Core Viewpoint - GDS Holdings Limited has announced a significant transaction to monetize a 70% equity interest in certain data centers, marking a pioneering move in the Chinese data center sector with an implied enterprise value to EBITDA multiple of approximately 13 times [1][2]. Group 1: Transaction Details - The total enterprise value for the transaction is approximately RMB 2.9 billion, with total equity consideration reaching around RMB 1.7 billion, or RMB 1.2 billion net of GDS's 30% reinvestment in the Asset Backed Security (ABS) [2]. - GDS will receive net cash proceeds of approximately RMB 500 million at closing, with an additional RMB 700 million contingent on meeting specific milestones related to the data centers' ramp-up [2]. - The transaction involves the deconsolidation of data center project companies, including existing debt and other net liabilities of around RMB 1.2 billion at closing [2]. Group 2: Strategic Importance - This transaction is characterized as a first P-REIT transaction in the China data center sector, showcasing a true sale and successful monetization of data center assets [3]. - The participation of China Life Insurance Company Limited as an anchor investor underscores confidence in GDS's capabilities and the sector's outlook as it transitions into the AI era [3]. Group 3: Company Overview - GDS Holdings Limited is a leading developer and operator of high-performance data centers in China, strategically located in primary economic hubs to meet high demand for data center services [4]. - The company offers a range of services, including co-location and managed hybrid cloud services, and has a diverse customer base that includes hyperscale cloud service providers, large internet companies, and financial institutions [4]. - GDS has a 24-year track record in service delivery, fulfilling the needs of some of the largest customers for outsourced data center services in China [4].

Core Viewpoint - GDS Holdings Limited is set to report its fourth quarter and full year 2024 unaudited financial results on March 19, 2025, after the Hong Kong market closes and before the U.S. market opens [1]. Company Overview - GDS Holdings Limited is a leading developer and operator of high-performance data centers in China, strategically located in primary economic hubs to meet high demand for data center services [4]. - The company offers a range of services including co-location, managed hybrid cloud services, and managed network services, catering primarily to hyperscale cloud service providers, large internet companies, and financial institutions [4]. - GDS has a 24-year track record of service delivery, fulfilling the needs of major customers in the outsourced data center sector in China [4]. - The company holds a non-controlling 35.6% equity interest in DayOne Data Centers Limited, which operates data centers in international markets [4]. Earnings Conference Call - The management will host an earnings conference call on March 19, 2025, at 8:00 AM U.S. Eastern Time, with online registration required for participants [2]. - A live and archived webcast of the conference call will be available on the company's investor relations website [3].

Core Viewpoint - Ramsay Health Care Limited has appointed a financial advisor to explore strategic options regarding its majority shareholding in Ramsay Générale de Santé [1] Group Overview - Ramsay Santé is a leader in private hospitalization and primary care in Europe, employing 38,000 staff and collaborating with nearly 10,000 practitioners to treat over 12.6 million patients annually across 488 facilities in five countries: France, Sweden, Norway, Denmark, and Italy [3] - The company offers a wide range of medical and surgical specialties, including Medicine, Surgery, Obstetrics, Follow-up Care and Rehabilitation, and Mental Health [3] Commitment to Innovation - Ramsay Santé invests over 200 million euros each year in innovation to enhance care pathways across medical, hospital, digital, and administrative sectors [5] - The company is dedicated to improving public health and ensuring comprehensive patient care from prevention to follow-up [4]

Company Overview - Ramsay Santé is a leader in private hospitalization and primary care in Europe, employing 38,000 staff and collaborating with nearly 9,300 practitioners to treat over 12 million patients annually across 465 facilities in five countries: France, Sweden, Norway, Denmark, and Italy [2]. Services Offered - The company provides a wide range of medical and surgical specialties, including Medicine, Surgery, Obstetrics (MSO), Follow-up Care and Rehabilitation (FCR), and Mental Health [3]. Mission and Commitment - Ramsay Santé is a mission-driven organization focused on improving patient health through innovation and contributing to public health service missions wherever it operates [4]. The company is dedicated to ensuring a comprehensive patient care journey, from prevention to follow-up care [4]. Investment in Innovation - The group invests over 200 million euros annually in innovation to enhance care pathways across medical, hospital, digital, and administrative domains, aiming to improve access to care and provide best-in-class healthcare [5].